BR100 Increased By (0.12%)
BR30 Increased By (0.28%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.26%)
AGHA 7.63 Increased By ▲ 0.04 (0.53%)
BECO 5.57 Increased By ▲ 0.06 (1.09%)
BML 59.74 Increased By ▲ 0.66 (1.12%)
BOP 34.40 Increased By ▲ 0.29 (0.85%)
CNERGY 13.11 Increased By ▲ 0.27 (2.1%)
CSIL 6.41 Increased By ▲ 0.31 (5.08%)
FCCL 58.06 Increased By ▲ 0.40 (0.69%)
FFL 16.23 Increased By ▲ 0.03 (0.19%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.43 Decreased By ▼ -0.05 (-0.67%)
KOSM 6.03 Increased By ▲ 0.09 (1.52%)
LOTCHEM 27.67 Decreased By ▼ -0.32 (-1.14%)
MLCF 102.75 Increased By ▲ 2.10 (2.09%)
NBP 205.06 Increased By ▲ 1.31 (0.64%)
NCPL 59.63 Decreased By ▼ -0.94 (-1.55%)
NPL 68.56 Decreased By ▼ -1.40 (-2%)
OGDC 318.92 Decreased By ▼ -1.37 (-0.43%)
PACE 11.05 Decreased By ▼ -0.05 (-0.45%)
PAEL 43.10 Decreased By ▼ -0.02 (-0.05%)
PIBTL 16.63 Increased By ▲ 0.07 (0.42%)
PPL 229.45 Increased By ▲ 0.61 (0.27%)
PRL 70.80 Decreased By ▼ -0.22 (-0.31%)
PTC 71.00 Decreased By ▼ -0.65 (-0.91%)
SSGC 27.41 Increased By ▲ 0.73 (2.74%)
TBL 10.31 Increased By ▲ 0.50 (5.1%)
TELE 8.53 Decreased By ▼ -0.08 (-0.93%)
TPL 23.06 Increased By ▲ 0.82 (3.69%)
TPLP 15.76 Increased By ▲ 0.65 (4.3%)
TREET 24.71 Increased By ▲ 0.58 (2.4%)
TRG 60.29 Increased By ▲ 0.45 (0.75%)

ISLAMABAD: Federal Minister for Law and Justice Azam Nazeer Tarar has said that the present government has introduced reforms in the tax system to bring transparency and reduce burden on the existing taxpayers.

He was addressing the Tax Bar Summit 2025 organized by Pakistan Tax Bar Association (PTBA), in collaboration with the Lahore Tax Bar Association (LTBA).

The inaugural ceremony was attended by senior government functionaries, including Senator Azam Nazeer Tarar, Federal Minister of Law & Justice and Mian Tauqeer Aslam Chairman Appellate Tribunal Inland Revenue. The opening session features insightful presentations on Pakistan’s digital tax transformation by Nasrulminnallah Mian, Head country Programme and Team Lead Digital Transformation Asian Development Bank and Dr Najeeb Ahmad Member IR-Policy Federal Board of Revenue (FBR).

Addressing the gathering, the law minister stressed the need for fair and considerate tax legislation, keeping in mind the genuine concerns of taxpayers. He acknowledged the rising poverty due to population pressures and economic conditions but said the government relies heavily on the existing taxpayer base to help lift people out of poverty.

“The prime minister envisions expanding the tax net instead of overburdening existing taxpayers,” said Tarar, adding that reforms are urgently needed to broaden the tax base. He reiterated the government’s commitment to transparency and merit-based governance in the tax system.

“This is the first government that has made merit-based appointments in the Appellate Tribunal,” Tarar stated.

“Fifteen appointments have been made so far, and another fifteen are on the way all on merit,” he assured, noting that previous appointments had been politically motivated. He promised proper checks and balances for all newly appointed officials.

Speaking at the summit, Tarar said that under the leadership of Prime Minister Shehbaz Sharif, the federal team is working tirelessly for the country’s economic development. “There was a time when fears of default loomed large over Pakistan,” he remarked, adding that another country in the region with a smaller population had already defaulted, making Pakistan’s situation even more critical.

“A default in a country of 250 million people would not have been a small matter,” he noted, crediting the business community and all national stakeholders for helping avert that crisis.

Tarar emphasized that tax collection and managing national expenditures are fundamental responsibilities of the state, which sometimes require difficult decisions. “Tax collection is not an easy task for any government,” he added.

“If Pakistan progresses, we all progress,” concluded the law minister, reaffirming his government’s dedication to economic reform through fair taxation.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.